1 day ago
23 ARTICLE AD
Bitcoin (BTC) has seen a marginal uptick after spending most of the weekend below $98,000. The world’s largest cryptocurrency has climbed above $99,000 and is currently trading around $99,100 as bulls set their sights on reclaiming $100,000. BTC is up just over 1% in the past 24 hours and almost 6% over the past week as markets look to gather momentum and start the new year positively.
Despite BTC’s positive start, the crypto market remains mixed, with cryptocurrencies like Ethereum (ETH) and Ripple (XRP) registering marginal gains. However, Solana (SOL) and Dogecoin (DOGE) are currently in the red, down almost 1%. Chainlink (LINK), Cardano (ADA), Toncoin (TON), Stellar (XLM), Polkadot (DOT), Uniswap (UNI), and Litecoin (LTC) registered notable increases.
Ripple CEO Hails Pro-Crypto Congress
Ripple CEO Brad Garlinghouse has hailed the most pro-crypto Congress in US history, boosting optimism for regulatory clarity in crypto and blockchain. The pro-crypto Republicans have a 219-215 majority in the House and a 53-47 majority in the Senate. However, last year’s SAB 121 vote underscored bipartisan support for crypto. The vote suggested US policymaker resistance to crypto and blockchain tech, with Anthony Scaramucci stating that all Democrats under 60 voted against the bill.
Furthermore, the SEC vs Ripple case remains in focus as the January 15 deadline approaches. Market watchers expect the SEC to file its appeal-related opening brief by January 15 days before SEC Chair Gary Gensler steps down. According to former SEC lawyer Mark Fagel, the SEC could proceed with the appeal under Gensler but withdraw it once the new administration assumes office.

“The appeal will continue for now, and that process takes about a year. But there is the possibility that a new administration decides to move to dismiss the appeal. That’s not something I recall happening before, but it’s possible and maybe likely.”

An SEC overhaul could support the withdrawal of the appeal, with internal rules mandating that an agency vote, not the Chair alone, determines whether an appeal should continue or be withdrawn.
Michael Saylor Hints At Monday BTC Purchase
MicroStrategy founder Michael Saylor posted the Bitcoin (BTC) price chart from the SaylorTracker website on January 5. Saylor typically posts the chart before purchasing (BTC) the following day. Saylor had posted the same chart on December 29, and MicroStrategy purchased 2,138 BTC on December 30. MicroStrategy is looking to purchase more BTC as part of its 21/21 plan to finance the acquisition of $42 billion in BTC by issuing $21 billion in equity and $21 billion in fixed-income securities.
What’s In Store For Bitcoin (BTC) In 2025?
The crypto market is buzzing after Bitcoin (BTC)’s stellar performance in 2024, with experts optimistic about the year ahead. Market watchers are hopeful that 2025 will see regulatory clarity, technological advancements, and greater institutional adoption. BTC doubled its market capitalization in 2024, with major altcoins also registering stellar growth.

“The crypto market had an excellent run in 2024, with its market cap doubling within the year. Continuing the momentum, we have started the new year on a positive note, with all major tokens up as much as 18% in a day.”

Experts expect global regulatory changes to play a crucial role in Bitcoin’s growth. Countries like Canada, China, the Middle East, and the EU have taken steps to ease restrictions and create a friendly environment to foster crypto's growth. A pro-crypto administration in the US is also set to play a crucial role in the global growth of crypto through increased institutional activity and spot Bitcoin ETFs.
Markets also expect significant technological advancements in 2025, boosting the adoption and relevance of blockchain technology in the real world. Newer sectors like AI will also see considerable growth in 2025, driving innovation. Experts have also offered predictions for BTC in 2025. While some have predicted the world’s largest cryptocurrency could reach $150,000 by the end of the year, others have predicted it could hit $200,000.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) remained relatively muted over the first weekend of the new year but managed to register marginal increases and prevent sellers from exerting influence. BTC’s price action has picked up marginally during the ongoing session as bulls eye the $100,000 price level. Analysts believe BTC is in a consolidation phase, and markets are looking for a catalyst that could drive prices higher. Analysts expect Donald Trump’s inauguration to boost prices. However, the excitement around a pro-crypto administration has mellowed, with markets waiting to see what a pro-crypto administration can accomplish.
BTC dipped below the 50-day SMA on Friday (December 27) when it dropped to $94,241 but recovered on Saturday to reclaim $95,000 and settle at $95,077. BTC was back in the red on Sunday, falling almost 2% and settling at $93,477. BTC experienced considerable volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as BTC dipped almost 1% and settled at $92,625. Bullish sentiment returned on Tuesday as BTC surged to an intraday high of $96,159. However, it could not go past the 50-day SMA and dropped to $93,383, ultimately registering an increase of 0.82%.
Source: TradingView
Buyers retained control on Wednesday as BTC registered an increase of just over 1% and settled at $94,373. Bullish sentiment intensified on Thursday as BTC rose almost 2.60% to go above $95,000 and settle at $96,823. With bullish sentiment persisting, BTC crossed the 20 and 50-day SMAs on Friday after registering an increase of just over 1%. The price remained relatively muted over the weekend as BTC registered only a marginal increase. However, buyers prevented sellers from taking control, with BTC ending the weekend at $98,312. The current session sees BTC up by 1.14% and trading around $99,500 as buyers eye the $100,000 mark.
BTC faces strong resistance at $100,000. If the price is rejected at this level and sellers retake control, BTC could drop to its support level of $90,000. On the other hand, if BTC crosses $100,000, its next stop will be its all-time high. Should it go above this level, we could see the beginning of another bull run.
Ethereum (ETH) Price Analysis
Ethereum (ETH) has managed to jump above the 20 and 50-day SMAs and go above $3,500, breaking out of its recent price range. ETH had registered a substantial drop on Boxing Day, falling almost 5% to slip below the 50-day SMA and settling at $3,333. Buyers attempted a recovery on Friday as ETH reached an intraday high of $3,436. However, it lost momentum after reaching this level and fell to $3,330. ETH recovered over the weekend, rising over 2.15% on Saturday and settling at $3,402. However, it was back in the red on Sunday, dropping by 1.46% and settling at $3,352.
Source: TradingView
ETH saw considerable volatility on Monday as buyers and sellers struggled to establish control. However, buyers ultimately gained the upper hand as ETH registered a marginal increase and settled at $3,558. ETH rose to an intraday high of $3,448 on Tuesday but lost momentum, dropping to $3,333, ultimately registering a decline of 0.74%. Sentiment changed on Wednesday as buyers returned to the market, registering an increase of 0.69% and settling at $3,356. Bullish sentiment intensified on Thursday as ETH rose almost 3% and settled at $3,452. The price surged past $3,500 and the 20 and 50-day SMAs on Friday, registering an increase of 4.51% and settling at $3,607.
Buyers retained control on Saturday, pushing ETH up by 1.37% to $3,657. However, it was back in the red on Sunday, dropping by 0.61% to $3,634. The current session sees ETH marginally up as buyers and sellers struggle to establish control.
Solana (SOL) Price Analysis
Solana (SOL) registered a sharp increase of 6.12% on Saturday (December 28) as it surged past $190 and settled at $195. However, it was back in the red on Sunday, dropping almost 3% and settling at $189. Monday saw SOL experience significant volatility as buyers and sellers struggled to establish control. Buyers ultimately won as SOL registered an increase of 0.72% and settled at $191. SOL surged to an intraday high of $199 on Tuesday. However, it lost momentum after reaching this level and fell to $189, registering a decline of just over 1%. Buyers returned to the market on Wednesday as SOL registered an increase of 2.62% and moved to $194.
Source: TradingView
Bullish sentiment intensified substantially on Thursday as SOL surged past $200 and the 20-day SMA after registering an increase of over 7% and settled at $208. Buyers retained control on Friday as SOL registered an increase of almost 5% and settled at $217. However, with the resistance at $220 coming into play, SOL lost momentum on Saturday and registered a marginal drop. Selling pressure increased on Sunday as SOL dropped by 1.52% and settled at $213. SOL is currently up just over 1% as buyers look to build momentum and push above $220.
Dogecoin (DOGE) Price Analysis
Dogecoin (DOGE) ended the previous weekend on a bearish note, dropping almost 3% and settling at $0.314. Monday saw a marginal decline as sellers retained control. However, DOGE recovered on Tuesday to register an increase of 0.89% and settle at $0.316. Buyers retained control on Wednesday as the price rose by 2.50% and moved to $0.324. DOGE continued to push higher on Thursday, registering an increase of 4.35% and settling at $0.338.
Source: TradingView
Bullish sentiment intensified considerably on Friday as DOGE surged over 12% to move past the 20-day SMA and settle at $0.379. Buyers retained control on Saturday as DOGE registered an increase of almost 4% to go above the 50-day SMA and settle at $0.394. However, it was back in the red on Sunday, dropping over 3% and settling at $0.382. The current session sees DOGE marginally down as sellers look to drive it below the 50-day SMA.
Ripple (XRP) Price Analysis
Ripple (XRP) had been trading in a downward trajectory since the beginning of December, dropping to a low of $2.09 on Sunday (December 29). The price continued to fall on Monday, registering a drop of almost 2% and settling at $2.05. However, it recovered from this level on Tuesday, registering an increase of 1.23% and settling at $2.08. Bullish sentiment intensified substantially on Wednesday as XRP registered an increase of almost 12% to go above the 20-day SMA and settle at $2.32. Bullish sentiment waned on Thursday as XRP approached the resistance at $2.40. As a result, it registered an increase of just over 3% and settled at $2.40.
Source: TradingView
XRP went above $2.40 on Friday after registering an increase of 2.21% and moving to $2.45. However, sellers returned to the market over the weekend as the price dropped by 1.35% on Saturday and 0.90% on Sunday. As a result, XRP fell below $0.40 and settled at $2.39. The current session sees XRP down by almost 1% as buyers look to drive the price lower.
Injective (INJ) Price Analysis
Injective (INJ) went past key resistance levels and moving averages as its price surged after dropping to an intraday low of $19.03 on Wednesday. INJ started the previous week in the red, dropping 1.50% after reaching an intraday high of $22.68. The price continued to drop on Tuesday, falling just over 2% to $19.59. Sentiment changed on Wednesday as INJ registered an increase of almost 5% and moved to $20.52. Buyers retained control on Thursday as INJ registered a rise of 5.76% and moved to $21.70.
Source: TradingView
Bullish sentiment intensified on Friday as INJ went past the 20 and 200-day SMAs and settled at $23.03 after an increase of 6.16%. Momentum waned a little on Saturday as INJ registered a rise of 2.41% and settled at $23.59. However, it increased substantially on Sunday as the price rose by 7.65% and settled at $25.39. The current session sees INJ up almost 2% as buyers look to push it above the 50-day SMA.
Bittensor (TAO) Price Analysis
Bittensor (TAO) slipped below $450 on Tuesday after registering a decline of 2.47% and settling at $440. However, it rebounded from this level on Wednesday, surging almost 11% and settling at $489, just below the 20-day SMA. Buyers retained control on Thursday as TAO went above the 20-day SMA and $500 to settle at $521 after registering an increase of 6.61%. TAO went above the 50-day SMA on Friday after registering an increase of almost 6% and settling at $552, but not before reaching an intraday high of $571.
Source: TradingView
Buyers retained control on Saturday as TAO rose to an intraday high of $586. However, they lost momentum after reaching this level as the price dropped to $559 after an increase of 1.38%. TAO registered a marginal rise on Sunday to end the weekend on a positive note at $563. However, TAO is back in the red during the current session, with its price down almost 2.50% as sellers look to drive it below the 50-day SMA.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
